According to Whale Alert, a Bitcoin address inactive for over 10.8 years has suddenly come back to life, transferring 100 $BTC from the old address "17tdW8" to a new address, "bc1qqy6." This massive stash, initially acquired for just $91,940 over a decade ago, is now valued at a staggering $6.12 million.
This incredible 6,656% return highlights the immense gains long-term Bitcoin holders can achieve.
On an annual basis, this return averages out to an impressive 665.6% since 2014. Such numbers underline the remarkable success stories within the crypto space, where patience and a strategic outlook can lead to life-changing profits.
While the reasons behind this unexpected transfer remain unclear, speculation abounds.
Perhaps the owner remembered their forgotten keys or simply opted to switch to a newer, more efficient SegWit-compatible wallet.
The timing of this move is especially intriguing, coming just as HBO prepares to release a series on October 8, promising to unveil the true identity of Bitcoin’s creator, Satoshi Nakamoto.
Whether this whale's actions are connected to this upcoming revelation remains unknown, but the coincidence is certainly worth noting.
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